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Coral Bay Club Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 566025472 ✦ Atlantic beach, NC ✦ Designated as a 501(c)(7)

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Overview

What is Coral Bay Club Inc?

Coral Bay Club Inc, located in Atlantic Beach, North Carolina, serves as a nonprofit organization that caters to approximately 600 members. Its primary mission is to offer a range of recreational, dining, and social facilities, aiming to foster a sense of community and leisure. The organization employs a team of 153 individuals, ensuring the smooth operation of its services.


Official website here: www.coralbayclub.com

Is Coral Bay Club Inc legitimate?

Coral Bay Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Coral Bay Club Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,537,026

For more financial information, click here


Official website here: www.coralbayclub.com

What is the mission statement of Coral Bay Club Inc?

The Coral Bay Club Inc, serving around 600 members, is dedicated to providing recreational, dining, and social facilities. Their primary objective is to enhance the leisure time and social experiences of its members. The club aims to create an environment that caters to various recreational activities, dining options, and opportunities for social interaction. This non-profit organization is committed to fulfilling the leisure needs of its members, thereby promoting a sense of community and camaraderie among its members.


Official website here: www.coralbayclub.com

Who is the CEO of Coral Bay Club Inc?

Sam Sugg is the Past President of Coral Bay Club Inc.


Official website here: www.coralbayclub.com

What is the revenue of Coral Bay Club Inc?

Coral Bay Club Inc's revenue in 2022 was $3,644,177.


Official website here: www.coralbayclub.com

Who are the executives of Coral Bay Club Inc and what are their salaries?

The average compensation at Coral Bay Club Inc during 2022 was $10,046. There are 153 employees at Coral Bay Club Inc.


Here are 16 key members and their salaries:


Allen Grant (Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Haroldson (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sam Sugg (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Williamson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Parker Chesnutt Honeycutt (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
George T Barnes (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Frazier (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gina Williams (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marci Godwin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kristy Harvey (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandy Howard (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lilian Lawrence (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hal Worth (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bess Walker (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Staunch (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tammy J Roys (General Manager/Coo)
  • Compensation: $296,778
  • Related: $0
  • Other: $0


Official website here: www.coralbayclub.com

Where can I find the form 990 for Coral Bay Club Inc?

Coral Bay Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.coralbayclub.com

Learn more at the official website: www.coralbayclub.com

Mission Statement of Coral Bay Club Inc

Coral Bay Club, Inc., a membership-based organization, is dedicated to providing its approximately 600 members with a variety of recreational, dining, and social facilities. The primary goal of this nonprofit is to create an environment where its members can engage in leisure activities, enjoy meals, and socialize. The mission of Coral Bay Club, Inc. is to cater to the diverse needs and interests of its members, offering them a welcoming and enjoyable experience.

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Impact




October, 2024

Coral Bay Club Inc greatly enhances the quality of life for approximately 600 members by offering a wide range of recreational, dining, and social facilities. Located in Atlantic Beach, NC, it serves as a vibrant hub for community interaction and engagement. Members enjoy access to various amenities that promote physical activity, relaxation, and social connection, fostering a strong sense of belonging and community spirit. The club's focus on recreation not only supports individual well-being but also strengthens social bonds among members, creating lasting relationships that enhance the overall community experience.




This information is meant to be a general summary of Coral Bay Club Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$3,644,177 (2022)
Expenses
$3,556,848 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$176,477
  • Program Service Revenue: $837,096
  • Gross Receipts: $4,410,268

Assets and Liabilities:

  • Total Assets: $7,256,807
  • Total Liabilities: $630,501
  • Net Assets: $6,626,306

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INITIATION FEES

Revenue

$361,700

SERVICE CHARGES

Revenue

$305,206

OTHER CLUB SERVICES

Revenue

$160,724

MEMBER FINANCE CHARGES

Revenue

$9,466

Organization Details

Founding Year

1957

Principal Officer

Sam Sugg

Main Address

PO BOX 112, ATLANTIC BEACH, NC, 28512

NTEE Category

Code: N50 - Recreation

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